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Global Security Assessment Market Industry Size, Share, Analysis, Trend & Forecast 2022

Press Release   •   Jan 23, 2018 14:45 IST

Bharat Book Bureau Provides the Trending Market Research Report on “Global Security Assessment Market Forecast to 2022” under Technology & Media. The report provides information on industry overview, market size, latest developments, industry trends, Key Vendors, global presence, and their future prospects.

The growing security concerns due to increasing instances of enterprise-targeted cyber-attacks and threats across the globe are driving the security assessment market

The security assessment market size is expected to grow from USD 1.26 billion in 2017 to USD 4.03 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 26.1% during the forecast period. The market is driven by the increased usage of commercially available interconnected devices and the need to protect organizations digital assets and cyber infrastructure. Similarly, stringent regulations across the globe are fueling the growth of security assessment market. However, lack of awareness about the internal and external threats is restraining the growth of the market.

Endpoint security type security assessment services segment is expected to hold a larger market size in the security assessment market

The endpont security type security assessment services segment is estimated to contribute a larger market share in 2017. In organizations, endpoint security is provided for network devices, such as servers, desktops, laptops, smartphones, tablets, barcode readers, and Point of Sale (PoS) machines, which are connected to a client server. Security assessment services offer endpoint security by identifying the flaws in security posture across all the endpoints. Gap analysis helps in detecting the potential vulnerabilities and makes recommendations to deploy an accurate security system.

Penetration testing services segment is expected to hold a larger market size in the security assessment market

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The penetration testing services segment is expected to hold a larger market size during 2017–2022. Penetration testing services offer countermeasures to identify the security gaps in software or hardware configurations and other IT infrastructure components. Penetration testing is the process of gaining permitted access to IT infrastructure resources and exploiting various points for vulnerabilities and flaws to avoid potential attacks on the IT infrastructure. Penetration testing tools are getting popular, due to their ability to detect and prioritize security risks before the attacker targets the infrastructure.

North America is expected to hold the largest market share; and Asia Pacific (APAC) to grow at the highest CAGR

North America is estimated to hold the largest market share and dominate the global security assessment market in 2017. The increasing in the level of sophistication of cyber-attacks and increasing adoption of internet of Things (IoT) and Bring your own Device (BYOD), along with meeting strict compliance regulations are pushing organizations in North America to adopt security assessment services. APAC offers growth opportunities for vendors in security assessment market, as countries in this region are investing heavily in deploying new and advanced technologies to upgrade their traditional security systems.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key people. The break-up of the profile of primary participants is as follows:

- By Company: Tier 1 – 55%, Tier 2 – 20%, and Tier 3 – 25%

- By Designation: C level – 60% ,Director level – 25%, Others – 15%

- By Region: North America – 35%, Europe – 25%, APAC – 15%, MEA – 10%, Latin America - 15%

Key security assessment vendors are Kaspersky (Russia), IBM (US), FireEye (US), Optiv Security (US), Qualys (US), Trustwave (US), Veracode (US), Check Point (Israel), Absolute Software (Canada), Rapid7 (US), CynergisTek (US), and Positive Technologies (UK).

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